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Nov 05 - 04:55 AM
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GBP/USD - Respects Seven-Week Peak Before Expected BoE Hike
By Robert Howard — Nov 05 - 02:38 AM
• Cable has traded a 27.9 pip range thus far Thursday; 1.3501 is intra-day high
• 1.3501 is 1.5 pips shy of Wednesday's seven-week high
• Rise to Wednesday high was fuelled by USD selling on midterm blue wave
• Retreat from Wednesday high based 8 pips shy of 1.3447 (Monday high)
• 1.3397-1.3432 was range on Tuesday (when America voted)
• Vance repudiates Iran war. BoE rate hike to 4% expected at
1200 GMT
GBPUSD
(Robert Howard is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters